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Portillo's - Clermont FL (Orlando MSA)

$9.1M Average Unit Volume | Fronting State Highway 50 (66,000 VPD) | High Growth Submarket

Listing Contacts

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Active

Asking Price: $6,900,000
Address 

1251 E Hwy 50, Clermont, FL 34711

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Date Added
Nov 25, 2024
Days on Market
113 days
Time Since Last Update
64 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Lease TypeAbsolute NNN
Tenant CreditCredit Rated
Lease Term10 years
Lease Commencement12/20/2023
Lease Expiration12/30/2033
Remaining Term8.8 years
Net Rentable (sq ft)7,900
Cap Rate5.00%
NOI$345,000
Year Built2023
Lot Size (acres)2.972
Rent Bumps10% Every 5 Years
Lease Options4 (5-Year)
OwnershipLeased Fee

Investment Highlights

Fronting State Highway 50 (66,000 VPD) | Part of Clermont West | Surrounding Retail Developments | US Hwy 27 and FL Tpke

  • The asset is fronting State Highway 50 (66,000 VPD), a main retail thoroughfare serving the city of Clermont

  • Part of the new Clermont West retail development that features Mission BBQ, LongHorn Steakhouse, and Bonefish

  • Clermont West 2 will feature The Goddard School, Extra Space Storage, Extended Stay Hotels, and more

  • Just North of Clermont Landing, a 227,000+ SF community shopping center that ranks in the top 88% (832 out of 7,255) of all nationwide community shopping centers according to Placer.ai

  • The Home Depot and Lowe’s just to the East rank in the top 80% (384 out of 1,974) and 89% (179 out of 1,727) of all nationwide locations according to Placer.ai

  • Ideally located near US Hwy 27 (41,500 VPD) and FL Tpke (75,900 VPD), allowing direct on/off ramp access to the site and surrounding Clermont/Orlando trade areas

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$345,000.00
$28,750.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker Information
Broker Name
William Wamble
Broker License
FL FL SL3257920
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